Most people have fallen for neolib propaganda… of “we don’t have enough money for free universal healthcare”, “if you want free university we’ll need to raise taxes” etc etc.

They think the government is a household.

As I said, the initial inflation was caused by supply chains shock. Many countries had lockdowns. Like China, who produces the majority of everything anyone purchases around the world. Then when the lockdowns ended there was a shortage of shipping containers.

Inflation is caused when money is printed and sits in financialized investment. If it’s used to increase productivity it causes the opposite.

China has been running massive deficits (printing money like crazy) for over a decade and they have very consistent and low inflation.

It’s just that this argument, based on things that are not facts since the 70s, is used to cut social programs, investment in education, infrastructure etc.

When it makes no sense. The gvmt is not gonna go broke from paying its programs. It prints its own money, and all its debt is denominated in dollars.

We SHOULD cut military spending, subsidies to harmful industries, to private prisons, police forces etc. The way the money is spent SHOULD reflect the will of the people more.

But this argument about “revenue” and “public debt” are literally from the mouths of establishment neoliberal ghouls who have no objective other than enriching their friends. It’s not reality and is only used for harm.

That was only true when money had any relation to a physical good like gold.

Fiat money dominates, and it’s not bound by anything.

Like I’m not saying any crazy conspiracy theory. It’s just how the world has worked since Nixon…

How is it wrong if it’s factually what happens now? People have a “common sense” understanding of how the government works, and THAT is wrong.

Ever since fiat became the norm, all governments all over the world that print their own money and have debts denominated in their own currency simply print money to spend, for their budget. That is a FACT.

Only countries that have the majority of their debt denominated in another currency (the dollar mainly) that face inflation when printing money.

The US and Europe printed trillions during covid, and that barely caused a blip in inflation. Inflation only came after supply chains shock and the war.

Like do some basic research, if I’m so obviously wrong it will be very easy to see…:

Why do people think the federal budget comes from taxes?

The government prints money, pays for its budget, and THEN it taxes. It can’t wait for tax dollars to pay for the budget. Taxing is to make the dollar necessary and force its flow back to the government.

They mostly “burn” all your tax dollars…

Like the gvmt is not a company. It doesn’t have “obligations” and “revenue”. It fucking PRINTS the money. If any company could print money, they would stop giving a fuck about revenue instantly.

It’s racism plain and simple. “Brown” people are slow and ‘can’t work good’ or some shit.

I mean give capitalism long enough we might be left with just one guy standing. I do mean guy. An immortal white shriveled dude, alone in a utopia of bots serving him.

And I just meant this whole “ah we’re not an oligarchy! We’re a plutocracy” thing is just dumb. What is even the difference in these peoples heads? It’s practically the same thing. And it IS the same thing under capitalism. The few who rule are the wealthy.

That’s the whole point of the system… capitalISM? The owners of CAPITAL rule?

Plutocracy = rule by the wealthy.

Oligarchy = rule by the few.

The wealthy are the few. And with increasing wealth disparity, they are comparatively even fewer than ever before.

Not really any meaningful difference.

Becoming…? The country founded on the principle that only landowners and capitalists should be represented democratically is becoming an oligarchy?

South Korea is literally a US military base disguised as a country. It was a fascist dictatorship for decades, and afterwards it has been ruled by an oligarchy. And it’s 100% lockstep with the US.

Japan… was that yes. It still is in many ways (Okinawa). But it’s also more independent than SK. It’s closer to the Western European countries in its relation to the US.

Germany also has a shit ton of US military bases. But it’s not as peripheral as SK.

Seems pretty obvious to me.